Ukrainian business back to positive economic outlook for first time in 5 months

Money. Stock photo: Getty Images

Ukrainian businesses have reported a positive economic outlook in March 2024, marking the first time in five consecutive months.

Source: data from the National Bank of Ukraine (NBU)

Details: The Index of Business Expectations (IBE) rose to 52.0 in March from 47.5 in February, exceeding the neutral level (50 points).

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The improvement in the outlook of respondents across all sectors was driven by:

• Increased sea and rail traffic;
• Stable situation in the foreign exchange market;
• Low inflation expectations;
• Seasonal recovery in business activity.

At the same time, the following factors remain constraints:

• Russian forces intensified attacks on critical facilities;
• The risk of insufficient international financing;
• The blockade on Ukraine’s western border.

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